Sep. 12, 2023
To the members of the SEC, I support the proposals presented in Safeguarding Advisory Client Assets (File No. S7-04-23). I applaud the current administration for safeguarding the assets of household investors from the backroom shenanigans of advisors looking to maximize their own profit at their client’s expense. The segregation of client assets along with the strengthened qualified custodial requirements and advisor bookkeeping requirements should improve the visibility and security of the investor’s assets and make the actions of bad actors more apparent. - Jeremy Swope